Datametrex AI Ltd. Announces Share Consolidation

Datametrex AI Limited has announced a proposed consolidation of its common shares, aiming for a 1-for-30 exchange ratio. This move, pending regulatory approval from bodies including the TSX Venture Exchange, was approved by shareholders in November 2024. Management cites the need to optimize capital structure and attract financing as reasons for the consolidation.

Post-consolidation, the number of outstanding shares is expected to reduce from 630,080,158 to 21,002,671. Fractional shares under half of a new share will be canceled, while those equal to or above will be rounded up. The company's ISIN will change to CA23809L2075, though the trading symbol "DM" will remain.

Registered shareholders will receive instructions on exchanging their share certificates. Non-registered shareholders need not take action. The consolidation reflects strategic restructuring aimed at bolstering Datametrex's financial standing.